No, it's not.
The 10.5"/10.95" flywheel used 1970-up (with the aluminum bellhousing) will not work in the iron 11" housing. The 'true' 11" flywheel won't work in the aluminum bell, either--it's a larger diameter, sporting 143 ring-gear teeth as opposed to the 10.5"/10.95" unit's 130.
The '70-up, 130-tooth unit is the same one that was used on most small-block engines (except 273s/318s with the 9½" clutch). The only differences were in balance, in instances such as the 360, the '70-'72 440HP and iron-crank 340/383/400 engines.
The later piece is also almost 5lbs lighter, too, if I recall... it adds up to big savings, when you consider the weight difference between the aluminum and iron bellhousings. The lighter flywheel also lets the engine make RPM more quickly.